Accounts
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
19 April 2013
top 500 bse companies who has changed their accounting policies from mercantile to cash basis.?
CA. Sunil Kumar
(Expert)
20 April 2013
All companies have to follow Accounting standards notified by NACAS (National Advisory Committee on Accounting Standards)
and as per AS-09
Revenue should be recognized on Accrual basis except as stated in AS
If any company diverted from same, shall be stated in accounting policy with reasoning
and as per AS-09
Revenue should be recognized on Accrual basis except as stated in AS
If any company diverted from same, shall be stated in accounting policy with reasoning
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